Ondo, CC sidestep macro concerns with institutional deals as BTC, ETH prices slide: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bearish macro headlines dominate crypto market sentiment, as they have done for most of the month, but concrete updates advancing mainstream blockchain adoption still have the ability to resonate with investors. That’s evident from the 7% gain in Canton Network’s CC token over the past 24…

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Broad-based BTC selloff intensifies, led primarily by retail holders

Glassnode’s Accumulation Trend Score by cohort is signaling broad-based selling led by retail participants as bitcoin falls below $67,000. The 30-day Accumulation Trend Score, broken down by wallet cohorts, measures the relative behavior of entities accumulating or distributing coins on-chain. It combines both the size of each cohort’s holdings and their net balance change over…

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Why bitcoin’s ‘compressed’ valuation offers reduced downside risk versus stocks

Bitcoin BTC$66,500.22 may have already priced in the effects of tighter monetary policy, leaving stocks more exposed to the latest macroeconomic shocks, according to asset manager Bitwise. The firm’s comments come as the cryptocurrency continues to correct below $70,000, down more than 23.7% year-to-date. Geopolitical unrest and energy disruptions, particularly from the U.S.-Iran conflict choking…

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Canada moves to ban crypto donations for election campaigns following UK

Canada’s federal government has moved to ban cryptocurrency donations to political campaigns, shutting down a fundraising channel that appears to have seen little to no real-world use in the country’s previous elections. Bill C-25, the Strong and Free Elections Act, introduced March 26, would prohibit political contributions made in BTC and other cryptoassets, as well…

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